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Huobi HTX Sixth Master: Huobi HTX Q1 sees counter-cyclical growth and will join hands with HTX DAO to build an open and collaborative crypto ecosystem

ChainCatcher news, Huobi HTX spokesperson and HTX DAO ambassador Molly (Huobi HTX Liu Ye) was invited to attend the "2025 HTX DAO Confidence Journey - Dubai Whale Night." At the event, Molly shared the latest achievements and future development plans of Huobi HTX and HTX DAO. She pointed out that Huobi HTX continues to lead in the global trading ecosystem, being the only platform among the Top 10 exchanges in the first quarter to achieve growth in spot trading volume, with a cumulative registered user base exceeding 50 million and a net inflow amount increasing by as much as 210% quarter-on-quarter, while maintaining a reserve ratio of over 100%. In her view, the remarkable achievements of Huobi HTX are attributed to the platform's ongoing efforts in safety transparency and market sensitivity.In addition, she further stated that in the future, Huobi HTX will deepen its strategic cooperation with HTX DAO to collaboratively empower sustainable ecological development. Through the DAO's voting mechanism, community members can widely participate in key aspects such as platform governance and new asset listing decisions, ensuring that the decision-making process is more open, transparent, and democratic. At the same time, Huobi HTX will continue to optimize in areas such as security assurance, trading experience, quality asset introduction, and product innovation, continuously enhancing the platform's overall competitiveness. Through the organic combination of centralization and decentralization, Huobi HTX and HTX DAO will jointly promote ecological prosperity, creating a more open, co-built, and shared crypto world.

JPMorgan: Expects Robinhood's cryptocurrency business revenue to decline in Q1 after hitting a record at the end of 2024

ChainCatcher news, according to CoinDesk, JPMorgan analyst Kenneth Worthington predicts that Robinhood (HOOD) may struggle to sustain its record cryptocurrency trading revenue in the fourth quarter of 2024, with a potential decline in digital asset trading volume in the first quarter of 2025. The trading platform is set to announce its first-quarter financial results after the market closes on May 1, Eastern Time.The report shows that Robinhood's cryptocurrency trading revenue surged 700% in the fourth quarter of last year, driving a significant increase in overall trading revenue. However, due to the dual impact of a stock and bond market downturn in the later part of the first quarter and a correction in the cryptocurrency market, it is expected that the trading volume for that quarter will drop from $71 billion in the fourth quarter to $52 billion. The assets under custody (AUC) are expected to decline by 5% quarter-over-quarter to $183.3 billion, but still show a year-over-year growth of 41%.Although retail buying was stimulated by U.S. tariff policies in early April, analysts believe this is unlikely to reverse the downward trend in the first quarter. Weak demand for margin and derivatives trading may further drag down performance. JPMorgan maintains a "neutral" rating, lowering the target price by $1 to $44, implying about a 10% downside from the current stock price of $49.
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